NC Blue Cross Aims for 20% Overhead Cut

The head of Blue Cross and Blue Shield in North Carolina wants to cut about $200 million from the company's $1 billion annual budget by 2014, which may mean eliminating open positions, early retirements, streamlining operations, and other steps, he said this week. The company raised premium rates for individual members an average of 12% this year, and hopes the administrative cuts will allow it to keep premiums from rising while improving financial results.

Leading Congressional Democrats immediately recoiled Tuesday from a new proposal to cut $600 billion in Medicare spending over the next decade -- in part by raising the eligibility age. Sens. Joseph I...

Support is building among some Massachusetts hospitals for temporary government limits on healthcare prices, a remarkable development in an industry that has long favored letting the marketplace determine...

Without its acquisition by Highmark Inc., West Penn Allegheny Health System would have been forced to shutter West Penn Hospital by this fall, the chairman of the health system's board of directors said...